摘要
委托与信托从概念上和形式上有着许多共同点,但信托与委托代理仍有很大区别。信托隐含了四个独特的法律原理:所有权与利益分离、信托财产的独立性、有限责任、信托管理的连续性,信托是一种特殊的委托。现行社保基金资产投资均采用委托模式,这种模式在法律上有诸多风险,而信托模式可以规避其中的某些风险,但是信托本身的缺陷也不可忽视。无论采用委托代理模式还是信托模式,都难以规避资本市场的系统风险及其自身的非系统风险。因此只有依靠有效而严格的监管才能克服这些缺陷,同时,也只有政府、中介组织、基金、从各自的层面共同努力,才能将风险控制在最低程度。
Entrust and entrust share many common points from the conceptual and formal parts, but they still have big differences. Entrust hides the four unique legal principles： separation of ownership and interest, the independence of the trust property, limited liability and trust management continuity and entrust is a kind of special Entrust. The investment of the existing social security fund assets applies by an entrusted model that has many risks in law, however, the entrust model can evade some of these risks, but the deficien- cies of entrust could not be ignored. No matter which model is, it is difficult to avoid the system-risk from the capital market and its own non-systemic risk. Only rely on effective and strict supervision can these deficiencies be overcome, and also only the government, intermediary organizations, funds work along from their respective levels, can risks be controlled to the minimum level.
出处
《信阳师范学院学报（哲学社会科学版）》
2007年第6期18-22,共5页
Journal of Xinyang Normal University(Philosophy and Social Sciences Edition)
关键词
社保基金
委托代理
信托
监管
social security funds
entrust agency
entrust
supervision
